THE WEEK THAT WAS: All the major indexes rose at least 3 percent for the week. That's their best week of the year, although they're still below their spring peaks.

THE CATALYST: Government numbers that showed businesses restocking inventory, meaning they anticipate demand.

WHAT'S NEXT: May economic data is expected from China over the weekend. China's government has been cutting interest rates and gas prices, causing many observers to fear that those numbers will show slower growth than even the reduced expectations had suggested.